EGR has around $40mil sitting in the bank and todays announcement detailed POSCO is interested in funding the development.
You should also note that POSCO has injected funds into BKT, I think they have invested around US$15mil to date.
If you think POSCO has spent 2 years working with EGR just to swoop in to take over the company, its a fantastic conspiracy theory. You seem to be the master of these day dreams. Good luck at WKT, you really need it.
EGR Price at posting:
16.5¢ Sentiment: None Disclosure: Held
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